Buy Down Mortgage Rates - Is That a Good Idea?

If you cut the mortgage and the amount you have to pay every month in mortgage is much lower. If you get a price cut of $8,000, say, then your monthly payment is like $19.50. And builders have been doing this for a long time. Like they have a lot of experience doing these buy downs and stuff. So that's why it's happening more in the new home market because the home builders like know what they're doing can do it.